Payments

Parx, a subsidiary of On Track Innovations Ltd., has signed a 20-year parking space management contract with Albania's TIS Ltd.

A Near Field Communication patent application Apple Inc. submitted 18 months ago might demonstrate how future iPhones would make contactless payments at the point of sale.

Youth payments company Oink, formerly Virtual Piggy, is expanding its international e-commerce presence by working with the payment service company GlobalCollect.

Dwolla is expanding its next-day payments network to all business customers after launching it initially for government agencies and large corporations.

MeaWallet is prepping to launch in a number of countries, and it is starting in Sweden through the use of a nationalized authentication standard.

Payoneer, a cross-border payment provider, is exceeding its 40% predicted growth rate with nearly 100,000 applications coming in every month.

The development of contactless technology, thanks to the NFC adoption in mobile handsets, is offering a new opportunity to create and develop value added services for the end user with an innovative and interactive experience.

Square, which built its business on the simplicity of its plug-in payment device, is piling on services that should make banks and other companies take notice.

AnywhereCommerce is approaching established retailers and merchant service providers with a toolkit for a quick upgrade.

Square has launched Square Capital, a credit program for small business, joining a growing number of companies breaking into small-business lending.

SumUp's plan to create an end-to-end mobile payment system without reliance on third parties became a reality this week with the rollout of a chip-and-PIN mobile card reader and terminal system.

The Nebraska State Treasurer's office has partnered with PayNearMe to allow residents who prefer cash a way to make online payments.

VeriFone and iPayment are partnering on a tablet-based point of sale system to provide small-business owners the types of services more commonly used by larger businesses.

Intuit Inc. has entered an agreement to buy Check for $360 million, adding payment capabilities to its online and mobile personal financial management (PFM) offerings.

The days of salesmen peddling point of sale terminals by simply pulling hardware out of a box are likely numbered.

Widely regarded as a titan of online payments in the United States, PayPal has built a significant business in Europe as well. But is its online payments business a strong foundation for the still-nascent mobile money market here?

Google Inc.'s YouTube is developing a feature that allows the video site's viewers to send funds to content creators.

North American coffee chain Tim Hortons Inc. is diversifying its mobile payment options.

Since its formal launch, Isis has very aggressively marketed its mobile wallet. The venture of AT&T, Verizon Wireless and T-Mobile has offered numerous freebies and statement credits to anyone willing to try it out, and recent figures show that these efforts may be paying off.

The telco-driven Isis wallet is working to transform its consumer base into its newest sales force.